On Friday, the name of Noel Tata was confirmed as the chairman of Tata Trusts. This decision has affected the shares of Tata group companies. The rising trend in the shares of Tata Investment Corporation, Tata Chemicals, Trent, Rallis India continues. Let us tell you, the board meeting of Tata Trust was held on Friday morning. In which Noel Tata was elected chairman of Tata Trust.
“Tributes were paid to Ratan Tata at the Tata Trust board meeting this morning. Whose Noel Tata was chosen as his successor.” Let us tell you, the total stake of Tata Trust in Tata Sons is 65.90 percent. Whereas, Mistry holds 18.40 percent share. Half a dozen companies of Tata Group hold 12.87 percent stake.
On Friday, the name of Noel Tata was confirmed as the chairman of Tata Trusts. This decision has affected the shares of Tata group companies. The rising trend in the shares of Tata Investment Corporation, Tata Chemicals, Trent, Rallis India continues. Let us tell you, the board meeting of Tata Trust was held on Friday morning. In which Noel Tata was elected chairman of Tata Trust.
“Tributes were paid to Ratan Tata at the Tata Trust board meeting this morning. Whose Noel Tata was chosen as his successor.” Let us tell you, the total stake of Tata Trust in Tata Sons is 65.90 percent. Whereas, Mistry holds 18.40 percent share. Half a dozen companies of Tata Group hold 12.87 percent stake.
Shares of which companies saw a rise?
A rise of 5 percent was seen in the shares of Tata Investment Corporation. After this surge, the price of the company’s shares reached the level of Rs 7269.85 in BSE. At the time of market closing, the price of the company’s shares was at the level of Rs 7042.50. Shares of Trent reached the level of Rs 83.09.20 after a rise of 3.4 percent. A rise of 2.5 percent has been seen in the shares of Rallis India and 2.9 percent rise in the shares of Tata Chemicals.
Among other companies of Tata Group, shares of Titan have seen a rise of one percent, shares of Tata Communications have seen a rise of 2 percent and shares of Tejas Network have seen a rise of up to 1.9 percent.
Noel Tata is the chairman of Trent from 2024. This year, the company’s share prices have seen an increase of 170 percent. At the same time, Trent has given a return of 290 percent to positional investors in one year.
